Mark Lennihan, AP
Though people ages 18 to 35 want to own a home, 69 percent say the housing bust has helped them know more about buying a home than their parents did at their age, according to MarketWatch, citing a study by Better Homes and Gardens Real Estate.
“They’re not going to end up getting into a situation that they’ve seen where they can’t keep the house” because they can no longer afford it, Matt Rand, managing partner of Better Homes and Gardens Rand Realty, told Marketwatch.
Those surveyed are optimistic about eventually owning a home. Forty percent would work at a second job and 23 percent say they would live with their parents in order to save up for a home.
Sixty-nine percent of people ages 18 to 35 won’t buy a home until they have enough money saved up to keep the purchase from impacting their form of living.
Seventy-five percent of the 1,001 people surveyed see homeownership as a crucial indicator of success.
- Feds: Utah companies accused of conducting...
- Mark Zuckerberg is taking two months...
- In time for the holidays, S.L. Comic Con...
- 5 Utah E. coli cases linked to Costco chicken...
- Salt Lake chef wins round in 'Holiday Baking...
- Man killed in Salt Lake industrial accident
- Dave Ramsey says: Include minor car repairs...
- Utah liquor commission going slow on...
- 5 ways you drive away millennial employees 14
- Feds: Utah companies accused of... 11
- Pfizer, Allergan $160B deal forms... 6
- Utah liquor commission going slow on... 4
- Russian military says its bombing... 3
- Confusion over ISIS name leads to... 2
- 5 Utah E. coli cases linked to Costco... 2
- In time for the holidays, S.L. Comic... 2